American Banker
AUGUST 22, 2023
A series of deals over the summer suggests growing interest by private equity investors in acquiring community banks. Five such deals have been announced this summer alone.
Realwired Appraisal Management Blog
AUGUST 22, 2023
The appraisal department is a pivotal player that can bridge the gap between sound collateral protection and lenders making more loans safely. What if there was a way to harmonize these two seemingly divergent objectives? Let’s find a way. Now, imagine if our appraisal department could wear both hats effectively.
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BankUnderground
AUGUST 23, 2023
Gerry Gunner and James Waddell Buy-Now-Pay-Later (BNPL) is a relatively new form of consumer credit that you might have noticed as a payment option when shopping online or in person. However, there is little analysis in the public domain about who is using BNPL credit in the UK and its contribution to total household debt. We have used the Bank’s NMG Consulting survey to reveal that BNPL borrowers are typically younger adults and renters, and are more likely to report signs of financial distress
The Financial Brand
AUGUST 22, 2023
This article 4 Ways to Ensure Your Financial Wellness Marketing Pays Off appeared first on The Financial Brand. What good is financial education if few people actually use it? Here's how banks and credit unions can drive more customer engagement. This article 4 Ways to Ensure Your Financial Wellness Marketing Pays Off appeared first on The Financial Brand.
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
South State Correspondent
AUGUST 21, 2023
Earlier this month, on August 7, 2023, Moody’s Investor Services (“Moody’s”) published a banking sector review. That publication was referenced in the media as a US bank rating action, with a downgrade to ten larger banks (and a negative outlook to 11 other larger banks). However, that publication, directly and indirectly, identified three discrete risks affecting community banks.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Jack Henry
AUGUST 24, 2023
In today’s interconnected world, it’s crucial to expand your loan trading network to open doors to new opportunities, collaboration, and resources that can drive growth and success. One company that has excelled in this area is Apple. Over the years, Apple has demonstrated the ability to leverage partners, expanding its network to achieve unparalleled success.
ATM Marketplace
AUGUST 22, 2023
New ATM standards for Payment Card Industry (PCI) compliance will also take effect beginning Dec. 31, 2024. Here's how to ensure you're prepared.
American Banker
AUGUST 23, 2023
Forget special offers, ubiquitous branches and promises of convenience. Younger clients want to see state-of-the-art technology and hear good things from friends and family, according to a recent Arizent survey.
Payments Dive
AUGUST 24, 2023
A payments processing consultant argues that the Credit Card Competition Act isn’t the way to spur more competition in the industry.
Advertiser: ZoomInfo
Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.
Perficient
AUGUST 23, 2023
Introduction Investing is a crucial aspect of achieving financial goals and securing a stable future. When it comes to investing, understanding different asset classes is fundamental to making informed decisions. Asset classes are broad categories of financial instruments with similar return characteristics. Each asset class has its unique features, and by diversifying across various types, investors can manage risk and potentially maximize returns.
Abrigo
AUGUST 24, 2023
Adapting to higher interest rates What does the "higher for longer" scenario for interest rates mean for U.S. financial institutions and borrowers? Experts from Derivative Path discuss rate implications. You might also like this webinar on tracking and monitoring deposit behaviors in the new environment. WATCH Focus on liquidity Ongoing volatility: Protect the balance sheet The Federal Reserve’s latest 25 bp rate hike on July 26 has pushed short-term interest rates to the highest level in 22
Gonzobanker
AUGUST 24, 2023
This decade-long crisis touches banks’ products, technologies, people, processes and the political climate. In an article titled Is the Banking Crisis Over? We Are About to Find Out , the Wall Street Journal identified three concerns that could determine if the banking industry is out of the crisis or still in one: Deposit costs. High interest rates have forced many banks to pay more to retain deposits (often via brokered deposits), while many institutions have seen deposits flee to higher-yield
Payments Dive
AUGUST 25, 2023
After recasting its card strategy, the buy now, pay later provider is taking a gradual approach to adding new cardholders, teasing more rewards to come.
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Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.
ATM Marketplace
AUGUST 25, 2023
With Mastercard's recent move to ban cannabis purchases, dispensaries must turn to cash.
BankInovation
AUGUST 24, 2023
In the rapidly evolving world of banking and financial services, Agile and DevOps methodologies have emerged as essential tools to drive innovation and stay ahead of the competition.
BankUnderground
AUGUST 24, 2023
Hela Mrabet and Jack Page The rise in commodity prices after Russia’s invasion of Ukraine had a direct and noticeable impact on consumers’ bills for energy and food. But firms also felt the brunt of higher costs. How did firms pass on these cost shocks through the supply chain and all the way onto consumer prices? How much and how quickly can firms pass through such large cost shocks?
Payments Dive
AUGUST 22, 2023
The processing giants are battling for market share in the U.S., cutting prices in their fight to win over merchants.
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Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.
CFPB Monitor
AUGUST 25, 2023
The Mortgage Bankers Association and Housing Policy Council (the “Associations”) recently filed an Amici Curiae brief supporting the position of Townstone Financial regarding the scope of the Equal Credit Opportunity Act (ECOA) in the case CFPB v. Townstone Financial which is now before the U.S. Court of Appeals for the Seventh Circuit.
BankInovation
AUGUST 21, 2023
Nvidia wants to unlock new AI applications across the financial services industry as the chipmaker looks to gain more financial institution clients.
TheGuardian
AUGUST 25, 2023
It is understood the bank thought closing the account would cause problems for West’s daughter An account ultimately owned by the serial killer Rose West was kept open by the Co-operative Bank after the “ethical” lender reviewed her membership, it has emerged. The decision was reportedly made while the Co-op Bank was taking stock of a raft of accounts held by customers with criminal records nearly a decade ago.
Payments Dive
AUGUST 21, 2023
In a company podcast, the grocer’s new CEO and president slammed the popular checkout method as being bad for employees and too much work for shoppers.
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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.
CFPB Monitor
AUGUST 24, 2023
We first look at what generative AI is and how it differs from other types of AI and technology such as machine learning. We then look at the ways in which banks and fintech companies can deploy AI tools and the business use case for banks and fintechs considering the addition of chatbots, including how chatbots differ from voice response units. .
American Banker
AUGUST 25, 2023
The company is paying $75 million in penalties and restitution in connection with SEC allegations that its investment advisory arm overcharged customers it inherited in its Wachovia acquisition in 2008. The settlement is said to show the importance of conducting extensive compliance checks in a rapidly consolidating industry.
TheGuardian
AUGUST 20, 2023
From the ‘must-have’ overdraft to money off food and rail travel Student life brings with it a different kind of learning curve as young people across the country embark on a new adventure and try to find ways to make their money go further. And in a cost of living crisis, the curve is even steeper. A survey carried out for the personal finance website Save the Student last year showed that 82% of students worried about making ends meet, while one in 10 had resorted to using food banks.
Payments Dive
AUGUST 21, 2023
BNPL’s ubiquity and growing use for everyday purchases should grab regulators’ attention, said Consumer Reports’s senior policy counsel.
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In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.
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